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Gargiulo Company, a 90% Owned Subsidiary of Posito Corporation, Sells

question 26

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Gargiulo Company, a 90% owned subsidiary of Posito Corporation, sells inventory to Posito at a 25% profit on selling price. The following data are available pertaining to intra-entity purchases. Gargiulo was acquired on January 1, 2012. Gargiulo Company, a 90% owned subsidiary of Posito Corporation, sells inventory to Posito at a 25% profit on selling price. The following data are available pertaining to intra-entity purchases. Gargiulo was acquired on January 1, 2012.   Assume the equity method is used. The following data are available pertaining to Gargiulo's income and dividends.   Compute the non-controlling interest in Gargiulo's net income for 2012. A)  $6,970. B)  $7,000. C)  $7,030. D)  $6,270. E)  $6,230. Assume the equity method is used. The following data are available pertaining to Gargiulo's income and dividends. Gargiulo Company, a 90% owned subsidiary of Posito Corporation, sells inventory to Posito at a 25% profit on selling price. The following data are available pertaining to intra-entity purchases. Gargiulo was acquired on January 1, 2012.   Assume the equity method is used. The following data are available pertaining to Gargiulo's income and dividends.   Compute the non-controlling interest in Gargiulo's net income for 2012. A)  $6,970. B)  $7,000. C)  $7,030. D)  $6,270. E)  $6,230.
Compute the non-controlling interest in Gargiulo's net income for 2012.


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Relates to the interaction of mind and body, specifically how psychological processes can affect somatic (bodily) symptoms and illness.

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